Housing in Gallup, New Mexico

The median home cost in Gallup is $140,500. Home appreciation the last 10 years has been -3.5%. Home Appreciation in Gallup is up 2.9%. Browse Gallup Real Estate

Average Age of Homes

- The median age of Gallup real estate is 36 years old

The Rental Market in Gallup

- Renters make up 29.8% of the Gallup population
- 6.5% of houses and apartments in Gallup, are available to rent

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DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

HOUSING	Gallup, New Mexico	United States
Median Home Age	39	40
Median Home Cost	$140,500	$231,200
Home Appr. Last 12 months	2.9%	6.7%
Home Appr. Last 5 yrs.	3.0%	35.6%
Home Appr. Last 10 yrs.	-3.5%	27.4%
Property Tax Rate	$9.31	$11.78
Property Taxes Paid	$1,308	$2,724
Homes Owned	49.6%	56.0%
Housing Vacant	17.4%	12.2%
Homes Rented	33.1%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,053	$1,470
Studio Apartment	$527	$821
1 Bedroom Home or Apartment	$659	$930
2 Bedroom Home or Apartment	$755	$1,148
3 Bedroom Home or Apartment	$953	$1,537
4 Bedroom Home or Apartment	$1,021	$1,791
VACANT HOUSING
Vacant For Rent	6.5%	2.1%
Vacant Rented	0.3%	0.5%
Vacant For Sale	2.0%	1.0%
Vacant Sold	0.0%	0.5%
Vacant Vacation	1.2%	4.0%
Vacant Other	7.5%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	14.1%	3.5%
$20,000 to $39,999	5.5%	3.1%
$40,000 to $59,999	5.9%	3.9%
$60,000 to $79,999	6.6%	5.4%
$80,000 to $99,999	9.3%	6.3%
$100,000 to $149,999	16.8%	14.7%
$150,000 to $199,999	22.0%	14.6%
$200,000 to $299,999	12.5%	18.7%
$300,000 to $399,999	3.6%	11.0%
$400,000 to $499,999	1.9%	6.2%
$500,000 to $749,999	0.2%	7.0%
$750,000 to $999,999	0.5%	2.7%
$1,000,000 to $1,499,999	0.3%	1.5%
$1,500,000 to $1,999,999	0.8%	0.5%
$2,000,000 and over	0.0%	0.7%